Just had to see the name “Paul Krugman” and the virtual ignore button gets pushed . . .
I've love to ignore Krugman.
Unfortunately, he is one of the key popularizers of the Keynesian view of economics that underlies the whole idea that the government not only can but **SHOULD** spend lots of borrowed money when the economy is in trouble.
We need to understand what motivates this view of economics in order to fight it.
It's not that the Democrats are too stupid to understand how to balance a checkbook. On the contrary, they're often very smart people. The problem is they are dead wrong on some very important core issues, including their argument that we can tax and spend ourselves out of a recession.
That is dead wrong and it needs to be fought. Quoting Krugman is a good way to explain what they believe and why it is wrong.